iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) Sees Significant Increase in Short Interest

iShares Core MSCI Pacific ETF (NYSEARCA:IPAC) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 165,441 shares, an increase of 77.4% from the May 31st total of 93,275 shares. Based on an average daily volume of 117,605 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares Core MSCI Pacific ETF

A number of institutional investors have recently modified their holdings of IPAC. JPMorgan Chase & Co. increased its holdings in shares of iShares Core MSCI Pacific ETF by 9.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,201,616 shares of the company’s stock valued at $161,180,000 after acquiring an additional 184,954 shares in the last quarter. Assetmark Inc. boosted its stake in iShares Core MSCI Pacific ETF by 0.5% in the 4th quarter. Assetmark Inc. now owns 966,504 shares of the company’s stock worth $70,758,000 after purchasing an additional 4,563 shares in the last quarter. Morgan Stanley grew its position in iShares Core MSCI Pacific ETF by 1.7% during the 4th quarter. Morgan Stanley now owns 927,022 shares of the company’s stock valued at $67,867,000 after purchasing an additional 15,505 shares during the last quarter. Mather Group LLC. grew its position in iShares Core MSCI Pacific ETF by 3.1% during the 4th quarter. Mather Group LLC. now owns 655,922 shares of the company’s stock valued at $48,020,000 after purchasing an additional 19,716 shares during the last quarter. Finally, Stifel Financial Corp grew its position in iShares Core MSCI Pacific ETF by 2.5% during the 4th quarter. Stifel Financial Corp now owns 558,045 shares of the company’s stock valued at $40,854,000 after purchasing an additional 13,675 shares during the last quarter.

iShares Core MSCI Pacific ETF Stock Down 0.2%

iShares Core MSCI Pacific ETF stock opened at $81.79 on Thursday. The company has a market capitalization of $2.58 billion, a P/E ratio of 15.73 and a beta of 0.70. The stock’s 50 day moving average is $81.78 and its 200 day moving average is $79.17. iShares Core MSCI Pacific ETF has a twelve month low of $66.71 and a twelve month high of $84.63.

About iShares Core MSCI Pacific ETF

The iShares Core MSCI Pacific ETF (IPAC) is an exchange-traded fund that is based on the MSCI Pacific IMI index, a market-cap-weighted index of developed Pacific securities. IPAC was launched on Jun 10, 2014 and is managed by BlackRock.